Business CCA half-year ruleThe program will apply the half-year rule in the year you acquire depreciable assets or additions to the property.
For more information, consult the following links:
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4002.html
To claim the capital cost allowance, follow these steps:
1 - On the "Left side menu on the Interview tab" select "Self-employment income";
2 - You have completed the "Business identification" pages as well as on the "Income and Expenses" pages and others, if necessary.
3 - Select the sub-section "CCA" and on the screen to the right, choose the category that applies to your situation.
4 - On the new page that appears, record the information on the line "Description and amount of capital additions" and in the field to the right enter the amount.
NOTES:
If the asset was bought before November 20, 2018 or it is from one of classes 53, 43.1 or 43.2, enter the description and the amount in box "Description and amount of capital additions (other than AIPP)".
If the asset was bought after November 20, 2018 or it is not from one of classes 53, 43.1 or 43.2, enter the description and the amount in box "Description and amount of capital additions of AIPP".
5 - If you do not wish to claim the maximum allowable amount, you can limit the CCA by choosing the line "Limit to the CCA or the CECA of this class" and in the field to the right enter the desired amount.
6 - If you do not want to apply the half-year rule (exceptions), select "No" online "Application of half-year rule to current year additions".
The cost of acquisition will be reported in column 3 of Area A of Form T2125.
ID: 20191025160259NI.xml
Webpage: KPA320-20191025160259NI.htm